SPICEJET, JET AIRWAYS
Gained 5.5% to close at Rs 29 and rose 5.3% to Rs 358.50
Reason: Government sources indicated that the draft cabinet note on allowing 49% FDI in air carriers is ready. The note is likely to be put up for cabinet approval shortly
**The spicejet management said they would evaluate options once the proposal is cleared

KINGFISHER AIRLINES
Gained 6.4% to close at Rs 19.85
Reason: The Hindu Business Line reported (quoting market sources) that billionaire Mukesh Ambani-led Reliance Industries may be close to buying Kingfisher Airlines
**As part of the deal, Reliance may also get Mangalore Chemicals, in which the UB group has over 30% stake. The stock was up 1.4% at Rs 40.20

STRIDES ARCOLAB
Gained 6% to close at Rs 631.90 amid heavy volumes, after hitting 52-week high of Rs 649
Reason: The company received USFDA approval for Vancomycin Hydrochloride Capsules USP, 125 mg and 250 mg
**Vancomycin capsules had total US sales of USD 332 million for 12 months ending February 2012, according to IMS health data

INDIA CEMENTS, TATA POWER
Lost 7.73% to close at Rs 96.75; fell 1.87% to Rs 102.45
Reason: 8.7 magnitude earthquake hits off the coast of Indonesia
**India Cements has large coal sourcing contract in Indonesia and even Tata Power has coal mines in the same country
**Others include: JSW Energy, Adani Enterprises down 2.5%; Lanco Infratech, GVK Power down 1.6-2%

THOMAS COOK
Lost 2.5% to close at Rs 69.80
Reason: Reports suggest that bidders may insist on lower valuations as the RBI is paving the way for other travel houses to run overseas bank accounts and save on foreign exchange transactions. Thomas Cook, which was the only travel company to have authorized dealer license, will face greater competition but Cox and Kings was recently granted one as well

TALWALKARS BETTER VALUE FITNESS
Gained 1% to close at Rs 174.15 amid heavy volumes
Reason: CNBC-TV18 reported quoting sources that Talwalkars is in talks with investors for stake sale and is looking to sell 10-15% to strategic investor
**Sahara group entity emerged as frontrunner and deal size seen around Rs 80-100 Cr, says sources
**Promoters currently hold 59.5% stake

3I INFOTECH
Gained 0.63% to close at Rs 15.90
Reason: Reports suggest that the company is in talks to divest a majority stake in Locuz Enterprise, a firm it acquired in 2008, to raise Rs 60 crore. This is being done as part of its corporate debt restructuring plan to improve liquidity position